Oil & gas news

Eni has announced the signing of an agreement with Oando PLC for the sale of Nigerian Agip Oil Company Ltd, the wholly Eni-owned subsidiary focusing on onshore oil and gas exploration and production in Nigeria, as well as power generation.

Greenhouse gas emissions from UK offshore oil and gas production were cut for the third consecutive year in 2022 as the industry continued its drive to reach net zero by 2050.

The Yggdrasil and Valhall PWP-Fenris offshore development project which are to be built on the Norwegian Continental Shelf has entered into the construction phase.

The agreement is a significant step forward in advancing exploration in the Lower Congo Basin.

Wintershall Dea and its partners Petoro and Sval Energi have successfully installed an additional subsea template on the seabed at Haltenbanken on the west coast of Norway.

The contract values are calculated at around US$369 million for both firm periods.

Wood and Harbour Energy, have entered into a new strategic partnership for UK North Sea operations agreeing a new master services agreement and contracts valued at around US$330 million

The Offshore Technology Conference (OTC) has announced that Petrobras will receive the 2023 OTC ‘Brasil Distinguished Achievement Award’ in acknowledgement of the development of a technological solution in the global offshore industry dedicated to well construction and intervention.

The company has signed four memorandums of understanding (MOUs) with China Energy, SINOPEC, CNOOC and Citic Construction, China's main oil and energy groups.

The Bureau of Safety and Environmental Enforcement (BSEE) conducted a Government Initiated Unannounced Exercise (GIUE) on 29 – 30 August to assess DCOR, LLC’s ability to activate its incident management team and carry out procedures in its approved oil spill response plan.